OAKS, Pa., Nov. 16, 2016–SEI (NASDAQ:SEIC) announced today that its Advisors’ Inner Circle (AIC) Funds® trusts have exceeded $45 billion in assets under management, becoming one of the industry’s leading mutual fund series trust providers.
SEI helped pioneer the series trust concept 25 years ago, introducing the Advisors’ Inner Circle Fund® trusts as an institutional-quality turnkey mutual fund operating platform. The AIC trusts enable investment advisers to rapidly launch and grow mutual funds in a cost-effective way, without having to build their own operating infrastructure.
The Advisors’ Inner Circle platform provides a comprehensive solution, including independent boards of trustees and a scalable infrastructure that offers fund administration, accounting, investor servicing, and distribution services. AIC was first launched 25 years ago with three funds, two clients and about $13 million in assets under management. Today, the series trusts have grown to servicing more than 130 funds, representing over 40 clients and more than $45 billion in assets under management. Additionally, the trusts have benefitted from the continued popularity of managers launching alternative investment strategies in ’40 Act registered vehicles (often referred to as “liquid alternatives”), which require specialized investment expertise, marketing and distribution.
“Our firm recently had the need to launch a complex multi-asset total return strategy in a ‘40 Act vehicle. We were impressed with SEI’s Advisors’ Inner Circle platform and its experience with diverse and complex strategies across asset classes,” said Ethan Stambler, Managing Director of PineBridge Investments.
“For over 10 years, we have participated in SEI’s Advisors’ Inner Circle Funds® series trust, which has been a competitive advantage in our success to grow assets and service our investors. Not only have we benefitted tremendously from the trust’s operational infrastructure, but we value the advice, expertise, and experience of the team and other key providers with whom we work,” said Fausto Rotundo, Chief Financial Officer of Edgewood Management, LLC.
“Over the last 25 years, we have been very fortunate to work in collaboration with many quality investment managers to help them launch and grow their mutual fund assets and service their investors. We truly appreciate our clients trusting their business with us, and look forward to many more years of being a valued participant in their success,” said Mike Beattie, President of The Advisors’ Inner Circle Funds®.
SEI’s Investment Manager Services Division is a leading provider of outsourced investment operations solutions to investment managers globally. For 25 years, through its ground-breaking Advisors’ Inner Circle Funds® platform, SEI has provided mutual fund managers with a complete fund infrastructure enabling them to provide solutions to the market faster and more efficiently. The industry continues to recognize SEI for its quality infrastructure, recently naming the company “Best Administrator Client Service – Over $100bn AUA” by Fund Intelligence, and the “Best Liquid Alternatives ’40 Act Fund Administrator” by Hedgeweek’s U.S. reader survey.
About SEI’s Investment Manager Services Division
Investment Manager Services supplies investment organizations of all types with advanced operating infrastructure they must have to evolve and compete in a landscape of escalating business challenges. SEI’s award-winning global operating platform provides asset managers with customized and integrated capabilities across multiple investment vehicles, strategies, and jurisdictions. Our services enable investment managers to gain scale and efficiency, keep pace with marketplace demands, and run their businesses more strategically. SEI presently partners with more than 300 traditional, alternative and sovereign wealth managers representing $15 trillion in assets, including 35 of the top 100 managers worldwide. For more information visit seic.com/ims.
SEI (NASDAQ:SEIC) is a leading global provider of investment processing, investment management, and investment operations solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of September 30, 2016, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $751 billion in mutual fund and pooled or separately managed assets, including $281 billion in assets under management and $470 billion in client assets under administration. For more information, visit seic.com.